Amphenol Corporation stock research
FY2025 Q2
Amphenol (APH) Gross Margin — Quarter Ended Jun 30, 2025
Revenue, gross profit, and cost of revenue all increased compared to both the prior quarter and the same quarter last year. Gross margin improved sequentially and year-over-year, reflecting that gross profit grew faster than cost of revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue, gross profit, and cost of revenue all increased compared to both the prior quarter and the same quarter last year. Gross margin improved sequentially and year-over-year, reflecting that gross profit grew faster than cost of revenue.
- The strongest observable margin driver is the improvement in gross margin from the prior quarter, as gross profit increased more than cost of revenue relative to revenue. This indicates a favorable relationship between revenue growth and cost management.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Compared to the same quarter one year earlier, all metrics were higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.3%
Gross profit
$2.1B
Revenue
$5.7B
Cost of revenue
$3.6B
Quarter-over-quarter change
+2.2 pts
Year-over-year change
+2.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $4.0B | $1.4B | $2.7B | 33.6% |
| Dec 31, 2024 | $4.3B | $1.5B | $2.8B | 34.3% |
| Mar 31, 2025 | $4.8B | $1.6B | $3.2B | 34.2% |
| Jun 30, 2025 | $5.7B | $2.1B | $3.6B | 36.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+2.2 pts
Year-over-year change
Jun 30, 2024
+2.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the improvement in gross margin from the prior quarter, as gross profit increased more than cost of revenue relative to revenue. This indicates a favorable relationship between revenue growth and cost management.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were higher, and gross margin improved. Compared to the same quarter one year earlier, all metrics were higher, and gross margin also improved.
Monitor the trend in cost of revenue relative to revenue, as its growth rate could affect future gross margin stability.